Corient Private Wealth LLC Acquires 5,974 Shares of Armstrong World Industries, Inc. $AWI

Corient Private Wealth LLC grew its holdings in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 39.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,946 shares of the construction company’s stock after purchasing an additional 5,974 shares during the period. Corient Private Wealth LLC’s holdings in Armstrong World Industries were worth $4,004,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC bought a new stake in shares of Armstrong World Industries during the 4th quarter valued at approximately $84,143,000. JPMorgan Chase & Co. lifted its stake in Armstrong World Industries by 22.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 72,952 shares of the construction company’s stock valued at $14,299,000 after purchasing an additional 13,395 shares during the last quarter. American Century Companies Inc. boosted its position in Armstrong World Industries by 66.4% in the third quarter. American Century Companies Inc. now owns 235,018 shares of the construction company’s stock valued at $46,066,000 after buying an additional 93,770 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Armstrong World Industries in the fourth quarter valued at approximately $18,822,000. Finally, Algert Global LLC grew its stake in shares of Armstrong World Industries by 37.8% during the third quarter. Algert Global LLC now owns 88,662 shares of the construction company’s stock worth $17,379,000 after buying an additional 24,340 shares during the last quarter. 98.93% of the stock is currently owned by institutional investors and hedge funds.

Armstrong World Industries Trading Up 0.3%

AWI opened at $161.96 on Friday. Armstrong World Industries, Inc. has a fifty-two week low of $150.28 and a fifty-two week high of $206.08. The firm has a market capitalization of $6.91 billion, a PE ratio of 22.97, a P/E/G ratio of 1.75 and a beta of 1.17. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.54 and a quick ratio of 1.04. The company’s 50-day moving average is $161.53 and its 200 day moving average is $175.41.

Armstrong World Industries (NYSE:AWI) last released its quarterly earnings results on Tuesday, April 28th. The construction company reported $1.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.82 by ($0.13). Armstrong World Industries had a net margin of 18.59% and a return on equity of 36.71%. The company had revenue of $409.90 million for the quarter, compared to analyst estimates of $409.46 million. During the same quarter last year, the firm posted $1.66 EPS. Armstrong World Industries’s revenue for the quarter was up 7.1% on a year-over-year basis. Armstrong World Industries has set its FY 2026 guidance at 8.150-8.450 EPS. As a group, research analysts predict that Armstrong World Industries, Inc. will post 8.31 earnings per share for the current fiscal year.

Armstrong World Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Monday, May 11th were issued a $0.339 dividend. The ex-dividend date was Monday, May 11th. This represents a $1.36 annualized dividend and a dividend yield of 0.8%. Armstrong World Industries’s dividend payout ratio is currently 19.29%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Weiss Ratings lowered Armstrong World Industries from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 4th. Evercore set a $200.00 target price on Armstrong World Industries in a research report on Tuesday, April 28th. UBS Group cut their price target on Armstrong World Industries from $200.00 to $195.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 29th. Finally, Bank of America reduced their price target on Armstrong World Industries from $216.00 to $210.00 and set a “buy” rating on the stock in a report on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $211.86.

Armstrong World Industries Profile

Armstrong World Industries, Inc is a leading global manufacturer of commercial ceiling and wall solutions. The company offers a diverse portfolio of acoustical, decorative and specialty ceiling systems designed to enhance interior environments in offices, healthcare facilities, schools, retail outlets and other non-residential settings. Through its focus on performance, aesthetics and sustainability, Armstrong World Industries addresses both functional and design requirements for architects, contractors and building owners.

Armstrong’s product range includes mineral fiber, fiberglass, wood wool, metal and stone wool ceiling panels, as well as suspension and grid systems.